Wells Fargo & Company Cuts The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $38.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price cut by Wells Fargo & Company from $41.00 to $38.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other analysts also recently weighed in on BWIN. Jefferies Financial Group increased their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods decreased their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. decreased their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

The Baldwin Insurance Group Trading Up 3.9 %

The Baldwin Insurance Group stock opened at $37.83 on Tuesday. The Baldwin Insurance Group has a 52 week low of $21.70 and a 52 week high of $55.82. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $4.45 billion, a PE ratio of -59.11, a PEG ratio of 1.27 and a beta of 1.64. The business’s 50-day simple moving average is $42.70 and its 200-day simple moving average is $44.43.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The business had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts forecast that The Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the transaction, the insider now directly owns 232,570 shares in the company, valued at $10,507,512.60. This represents a 45.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 20.14% of the company’s stock.

Institutional Investors Weigh In On The Baldwin Insurance Group

Several large investors have recently made changes to their positions in BWIN. JPMorgan Chase & Co. lifted its holdings in The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after purchasing an additional 1,175,484 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of The Baldwin Insurance Group in the third quarter valued at approximately $29,447,000. Confluence Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $16,747,000. Wealth Enhancement Advisory Services LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $5,115,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $2,000,000. Institutional investors own 77.49% of the company’s stock.

About The Baldwin Insurance Group

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.